Citi and Kotak back Vedanta Aluminium with positive ratings, citing growth potential, capacity expansion, cost efficiency and strong aluminium demand.

Vedanta Aluminium shares hit the 5% lower circuit for a third straight session on Wednesday, extending their post-listing decline to 14%. Since debuting at Rs 522 per share on…

Vedanta Aluminium shares have plunged 14% in three days since their Rs 522 debut, erasing over Rs 29,000 crore in market value despite being touted as Vedanta's crown jewel.

Kotak Institutional Equities initiated its coverage of Vedanta Aluminium with the target price at Rs 600. Analysts said VAML, a pure-play aluminum producer, is well positioned…